Los Angeles Times | October 29, 2008 | 11:15 a.m. PDT --- Federal Reserve cuts key interest rate by half point The Federal Reserve, winding down a two-day meeting on interest rates, has cut the funds rate from 1.5% to 1% as it faces the worst financial crisis in decades. More soon at: http://link.latimes.com/r/FGRUKJ/O3UJA/TGL35X/D9G1/ZU4F1/ID/t
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